Board Compensation Letter Agreement between Avaya Holdings Corp. and Afshin Mohebbi (December 16, 2013)

Contract Categories: Human Resources › Compensation Agreements
Summary

This agreement outlines the compensation Avaya Holdings Corp. will pay to Afshin Mohebbi for serving as a director representing TPG Capital on Avaya's boards. Mohebbi will receive $450,000 for the fiscal year ending September 30, 2013, and $500,000 for each subsequent fiscal year, with annual payments made in Avaya’s second fiscal quarter. The agreement is acknowledged and accepted by both parties.

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EX-10.3 4 a103mohebbiletteragreement.htm LETTER AGREEMENT WITH AFSHIN MOHEBBI 12-16-2013 10.3 Mohebbi Letter Agreement


Avaya Inc.
4655 Great America Parkway
Santa Clara, CA 95054

December 16, 2013
VIA EMAIL
Mr. Afshin Mohebbi
Senior Advisor
TPG Capital, L.P.
345 California Street, Suite 3300
San Francisco, CA 94104
Re:    Board Compensation
Dear Mr. Mohebbi:
Avaya has agreed to pay you the following in connection with your service as a representative of TPG Capital and/or one of its affiliates on the boards of directors of Avaya Holdings Corp. and/or Avaya Inc.:
(i)
$450,000 in January 2014 for your service as an Avaya Director for Avaya’s fiscal year ended September 30, 2013; and

(ii)
$500,000 for your service as an Avaya Director for Avaya’s fiscal year ended September 30, 2014 and each fiscal year thereafter, in each case with such annual payment to be made in Avaya’s second fiscal quarter of each fiscal year.

Regards,
Avaya Holdings Corp.

By:    /s/ Frank J. Mahr        
Name:    Frank J. Mahr
Title:    Corporate Secretary

Acknowledged and agreed:
__/s/ Afshin Mohebbi____________________
By:    Afshin Mohebbi
Date:    December 16, 2013